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Strategies & Market Trends : Tech Stock Options
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To: kiwi who wrote (31878)12/24/1997
From: Patrick Slevin  Read Replies (1) of 58727
 
I occasionally correspond both privately and in a discussion group with this fellow mentioned in the following e-mail I just received. Perhaps it may make you feel more confident about your trading sometimes going awry. I did not know the following before this evening. I do not know, as yet, if this information is true or not.
~~~~~~~~~~~~~~~~~~~~~~~~~~
Quoting from the book "The New Money Master" by John Train on page 246:

Andrew Tobias offers a pleasant "technical analysis" story. There was a $600 seminar on such matters in New York's Waldorf Astoria Hotel on Dec 6-7, 1986. One of the most promising gurus was "Norman Winski" described in the invitation as follows: "In 1975, he became a member and market maker on the floor of CBOE. During an 18 month period, 1976-1977, he successfully parlayed $500 into nearly $1,000,000." (Tobias observes that one could scarcely do that unsuccessfully). The invitation forgot to mention a little problem: In September 1977 - still ten years before the famous seminar - Winski went bust.
~~~~~~~~~~~~~~~~~

One other thing about Norman Winski which may take you back a step...Norman trades using Astrology. "There are more things in Heaven and Earth than are dreamt of in your philosophy". Like they say, whatever works, I guess.

Merry Christmas.
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